Sprinklr (NYSE:CXM) Earns Overweight Rating from Cantor Fitzgerald

Sprinklr (NYSE:CXM)‘s stock had its “overweight” rating reaffirmed by stock analysts at Cantor Fitzgerald in a report issued on Monday, Benzinga reports. They presently have a $21.00 price objective on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 41.03% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Citigroup upped their price objective on shares of Sprinklr from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, September 7th. William Blair reiterated an “outperform” rating on shares of Sprinklr in a report on Thursday, September 7th. DA Davidson increased their target price on shares of Sprinklr from $17.00 to $18.50 and gave the stock a “buy” rating in a report on Thursday, September 7th. Morgan Stanley increased their price objective on shares of Sprinklr from $17.00 to $18.00 and gave the company an “equal weight” rating in a research report on Thursday, September 7th. Finally, TheStreet raised shares of Sprinklr from a “d+” rating to a “c-” rating in a research report on Thursday, September 7th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Sprinklr has an average rating of “Moderate Buy” and a consensus target price of $15.95.

Sprinklr Price Performance

Shares of CXM stock traded down $0.03 during trading hours on Monday, hitting $14.89. The company had a trading volume of 441,025 shares, compared to its average volume of 1,390,674. The company’s fifty day moving average is $14.40 and its 200 day moving average is $13.15. Sprinklr has a fifty-two week low of $7.25 and a fifty-two week high of $16.68. The stock has a market capitalization of $4.03 billion, a PE ratio of 495.50, a price-to-earnings-growth ratio of 5.62 and a beta of 0.90.

Insider Activity at Sprinklr

In related news, major shareholder R David Tabors sold 2,261 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $13.73, for a total value of $31,043.53. Following the completion of the sale, the insider now owns 81,400 shares in the company, valued at $1,117,622. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Battery Partners Ix, Llc sold 184,160 shares of Sprinklr stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $14.54, for a total transaction of $2,677,686.40. Following the completion of the sale, the insider now directly owns 279,853 shares in the company, valued at $4,069,062.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder R David Tabors sold 2,261 shares of Sprinklr stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $13.73, for a total transaction of $31,043.53. Following the sale, the insider now owns 81,400 shares of the company’s stock, valued at $1,117,622. The disclosure for this sale can be found here. Insiders sold 731,683 shares of company stock worth $10,620,866 over the last 90 days. Company insiders own 40.29% of the company’s stock.

Institutional Investors Weigh In On Sprinklr

A number of institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its position in Sprinklr by 4.2% during the second quarter. Commonwealth Equity Services LLC now owns 23,564 shares of the company’s stock valued at $326,000 after buying an additional 946 shares in the last quarter. UBS Group AG lifted its position in shares of Sprinklr by 23.4% during the first quarter. UBS Group AG now owns 5,862 shares of the company’s stock worth $69,000 after purchasing an additional 1,111 shares in the last quarter. Citigroup Inc. lifted its position in shares of Sprinklr by 12.0% during the fourth quarter. Citigroup Inc. now owns 11,091 shares of the company’s stock worth $91,000 after purchasing an additional 1,185 shares in the last quarter. Arcadia Investment Management Corp MI lifted its position in shares of Sprinklr by 131.0% during the first quarter. Arcadia Investment Management Corp MI now owns 2,481 shares of the company’s stock worth $32,000 after purchasing an additional 1,407 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Sprinklr by 126.1% during the first quarter. FMR LLC now owns 2,661 shares of the company’s stock worth $34,000 after purchasing an additional 1,484 shares in the last quarter. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

About Sprinklr

Sprinklr, Inc provides enterprise cloud software products worldwide. The company offers Unified Customer Experience Management platform, a purpose-built to analyze unstructured customer experience data, built to scale across future and modern channels, and integrates all stages of the customer journey.